Mathematics, 07.04.2020 17:41 Kriszzznizzle
A company manufactures tires at a cost of $50 each. The following are probabilities of defective tires in a given production run: probability of no defective tires: 10%; probability of 1% defective tires: 30%; probability of 2% defective tires: 40%; probability of 3% defective tires: 20%. When a defective tire is detected, it must be removed from the assembly line and replaced. This process adds an extra $5 to the cost of the replaced tire. What is the expected cost to the company of a batch of 3000 tires?
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A company manufactures tires at a cost of $50 each. The following are probabilities of defective tir...
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